Bitcoin miners have taken the 7-day average Hashrate to a new all-time high (ATH), despite the fact that the token’s price has been down recently.

Bitcoin Hashrate Has Just Set A New Record

The Bitcoin “ Hashrate ” refers to the collective amount of computing power that the miners as a whole have connected to the blockchain. Miners use their computing resources to compete against each other, so this power never actually works as a collective, but the Hashrate is nonetheless a useful metric as it provides insight into the sentiment among the chain validators.

When the value of the metric rises, it means new miners are joining the network and/or existing ones are expanding their facilities. Such a trend implies BTC mining is looking lucrative to this group.

On the other hand, the indic

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